Economy

Many businesses in Vinh City return premises before Tet

Quang An - Nguyen Hai DNUM_AEZABZCACF 14:13

The time before Tet is the peak business season, however, on major streets in Vinh City, many stores are currently closed and have stopped trading.

Clip: Quang An - Nguyen Hai
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According to the reporter's records, currently on major roads in Vinh City such as Le Loi, Nguyen Van Cu, Le Nin Avenue, Le Hong Phong... many stores have closed and stopped operating. Photo: QA
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On Nguyen Van Cu Street - the busiest business street in Vinh City, many signs for renting kiosks, premises, houses... are posted to find tenants near Tet but few people are interested. Photo: QA
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It is known that the rental price of business premises on Nguyen Van Cu Street is also among the highest in Vinh City. The rental price ranges from 10 - 50 million VND/month, depending on location and area, usually the minimum rental contract is 6 months and must be paid in advance. This is a price that is very difficult for tenants to access in the current difficult business climate. Photo: N. Hai
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In the picture is a 75m2 space on Nguyen Van Cu Street with a rental price of 15 million VND/month. The shop owner returned it because business was not good. The landlord has now renovated it and is looking for a new tenant. Photo: QA
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Many prime locations for office space and premises on Lenin Avenue are also facing a similar situation of lack of tenants. Photo: N. Hai
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At supermarkets and shopping malls in Vinh City, the number of shoppers is also on the decline, so many business locations are unoccupied. Photo: N. Hai
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Currently, Vinh City is focusing on renovating and upgrading the roads. Once completed, it will create more favorable conditions for people to do business and trade, contributing to reducing the current desolate situation. In the photo: Le Hong Phong Street is renovated and expanded. Photo: Q.An

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Many businesses in Vinh City return premises before Tet
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